The Episcopal Endowment Corporation was created by a gift from Mrs. Delia Baxter Robinson of Nashville upon her death on June 15, 1932. She was the wife of Augustus Hammond Robinson who was born on May 23, 1844 and died in 1919. The bequest from Mrs. Robinson is a permanently restricted gift and its legal title is "The Augustus Hammond Robinson Memorial Episcopate Endowment Fund". For some eighty years, this fund has supported the Episcopate. Moreover, it paved the way for the Dioceses of Tennessee and East Tennessee as well as many congregations to invest and hold long term funds.
The EEC ended 2012 with a market value of $35,439,838 and spending policy distributions of $1,027,035 to participants during 2012. The Fund's performance continues to be a most attractive long term investment vehicle for both dioceses and their individual congregations. The EEC Board voted to continue the 4% spending rate into 2014. The amount available for distribution is based on the average of the previous three years year-end market value.
Please see the audit and annual report for more information or contact Pete Stringer, chair.